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Rent increases subside, says ARLA Propertymark

The number of letting agents who saw rent costs rise for tenants fell to 27% in September, from 35% in August, according to ARLA (Association of Residential Letting Agents) Propertymark’s September PRS report.

Demand for rental accommodation rose by 10% month on month in September, while supply remained the same, says the report. In September there were 79 prospective tenants registered per member branch, up from 72 per branch in August.

The number of properties managed per member branch remained the same in September, at 189. This is down 2% from September 2016, when agents managed 193 on average.

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